Can I retire at age 55 with 999,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $999,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$82,496$81,762$81,045$80,345$79,662$78,021
2 years$40,840$40,079$39,342$38,627$37,934$36,289
3 years$26,956$26,192$25,457$24,749$24,067$22,468
4 years$20,016$19,254$18,526$17,830$17,165$15,625
5 years$15,852$15,095$14,377$13,695$13,048$11,572
6 years$13,078$12,327$11,619$10,952$10,325$8,913
7 years$11,097$10,352$9,655$9,004$8,397$7,050
8 years$9,612$8,873$8,188$7,554$6,966$5,684
9 years$8,457$7,726$7,053$6,434$5,866$4,648
10 years$7,534$6,810$6,149$5,546$4,998$3,843
11 years$6,779$6,063$5,413$4,827$4,299$3,204
12 years$6,151$5,441$4,804$4,234$3,725$2,690
13 years$5,620$4,917$4,292$3,738$3,248$2,271
14 years$5,164$4,470$3,857$3,318$2,848$1,926
15 years$4,770$4,083$3,482$2,959$2,507$1,640
16 years$4,426$3,746$3,157$2,650$2,216$1,400
17 years$4,122$3,450$2,873$2,381$1,965$1,199
18 years$3,853$3,188$2,622$2,145$1,747$1,029
19 years$3,612$2,955$2,401$1,939$1,557$884
20 years$3,395$2,746$2,203$1,756$1,391$762
21 years$3,200$2,558$2,026$1,593$1,245$657
22 years$3,022$2,387$1,868$1,449$1,116$567
23 years$2,860$2,233$1,725$1,319$1,001$490
24 years$2,712$2,092$1,595$1,203$900$424
25 years$2,576$1,963$1,477$1,099$810$367
26 years$2,450$1,845$1,370$1,005$730$318
27 years$2,334$1,736$1,272$920$658$275
28 years$2,227$1,636$1,183$843$594$239
29 years$2,127$1,544$1,101$773$536$207
30 years$2,034$1,458$1,025$709$484$179
31 years$1,947$1,378$956$651$438$156
32 years$1,865$1,304$892$599$396$135
33 years$1,789$1,235$833$550$358$117
34 years$1,717$1,170$778$507$325$102
35 years$1,650$1,110$727$466$294$89
36 years$1,587$1,054$680$429$266$77
37 years$1,527$1,001$637$396$241$67
38 years$1,470$951$596$365$219$58
39 years$1,417$904$559$336$198$50
40 years$1,366$860$524$310$180$44
41 years$1,318$819$491$286$163$38
42 years$1,272$780$461$264$148$33
43 years$1,228$743$432$244$134$29
44 years$1,187$708$406$225$122$25
45 years$1,147$676$381$208$111$22
46 years$1,110$644$358$192$101$19
47 years$1,074$615$336$177$91$16
48 years$1,040$587$316$164$83$14
49 years$1,007$561$297$151$75$12
50 years$975$536$279$140$68$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $999,000, adding $6,340 every year, while hoping to spend $37,702 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 65/27/8 Blend
54$999,000$999,000$999,000$999,000
55$1,107,438$1,054,491$1,039,006$1,177,288
56$1,180,282$1,066,046$1,033,698$1,236,136
57$1,259,292$1,076,904$1,026,949$1,295,352
58$1,345,058$1,086,991$1,018,670$1,359,066
59$1,438,228$1,096,227$1,008,769$1,427,712
60$1,539,514$1,104,529$997,150$1,501,768
61$1,649,701$1,111,808$983,711$1,581,763
62$1,769,652$1,117,967$968,347$1,668,279
63$1,900,315$1,122,907$950,945$1,761,958
64$2,042,737$1,126,518$931,391$1,863,510
65$2,198,065$1,128,687$909,562$1,973,714
66$2,367,567$1,129,292$885,331$2,093,433
67$2,552,635$1,128,203$858,566$2,223,618
68$2,754,802$1,125,283$829,126$2,365,315
69$2,975,757$1,120,387$796,867$2,519,682
70$3,217,358$1,113,361$761,636$2,687,994
71$3,481,652$1,104,039$723,274$2,871,656
72$3,770,892$1,092,248$681,616$3,072,220
73$4,087,559$1,077,804$636,486$3,291,397
74$4,434,385$1,060,511$587,703$3,531,073
75$4,814,379$1,040,163$535,078$3,793,330
76$5,230,854$1,016,540$478,411$4,080,463
77$5,687,461$989,410$417,497$4,395,002
78$6,188,217$958,526$352,119$4,739,741
79$6,737,551$923,629$282,051$5,117,757
80$7,340,338$884,444$207,056$5,532,447
81$8,001,949$840,679$126,890$5,987,554
82$8,728,301$792,025$41,293$6,487,208
83$9,525,911$738,157$0$7,035,963
84$10,401,958$678,731$0$7,643,114
85$11,364,350$613,381$0$8,313,965
86$12,421,799$541,723$0$9,051,119
87$13,583,905$463,349$0$9,861,336
88$14,861,241$377,831$0$10,752,069
89$16,265,456$284,713$0$11,731,533
90$17,809,384$183,516$0$12,808,785
91$19,507,166$73,733$0$13,993,811
92$21,374,380$0$0$15,297,617
93$23,428,191$0$0$16,745,760
94$25,687,510$0$0$18,362,981
95$28,173,173$0$0$20,142,297
96$30,908,138$0$0$22,100,150
97$33,917,700$0$0$24,254,660
98$37,229,731$0$0$26,625,790
99$40,874,941$0$0$29,235,535
100$44,887,167$0$0$32,108,132